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General Motors leaving South Africa by end of 2017

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Thursday, 18 May 2017 12:31

TMG Digital/BusinessLive report that General Motors (GM) informed employees and unions on Thursday morning that it is quitting South Africa.

Besides its light commercial vehicle manufacturing operations in Struandale‚ Port Elizabeth‚ which it was selling to Isuzu‚ the US car maker intended to cease its South African operations by the end of 2017‚ GM said on its website. GM’s vice-president of its international operations‚ Stefan Jacoby‚ said in a statement on Thursday morning: "After a thorough assessment of our South African operations‚ we believe it is best for Isuzu to integrate our light commercial vehicle manufacturing operations into its African business. We determined that continued or increased investment in manufacturing in SA would not provide GM the expected returns of other global investment opportunities."